We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Gross Receipts Clause in Contracts

Gross Receipts. In general. For purposes of this paragraph (c), gross re- ceipts generally means the total amount received or accrued under the method of accounting used by the cor- poration in computing its taxable in- come and is not reduced by returns and allowances, cost of goods sold, or de- ductions.

Appears in 4 contracts

Samples: Publishing Agreement, Boxing Agreement, Publishing Agreement

Gross Receipts. (i) In general. For purposes of this paragraph (c), gross re- ceipts generally means the total amount received or accrued under the method of accounting used by the cor- poration in computing its taxable in- come and is not reduced by returns and allowances, cost of goods sold, or de- ductions. (ii) Special rules for sales of capital as- sets, stock and securities—

Appears in 2 contracts

Samples: Supplemental Contract, Supplemental Contract